Takaya
From AED 650,000 (portal-listed)
Developers / Union Properties
Developer profile · Dubai
Union Properties: the master developer of Motor City, selling the district’s last new phases
Founded in 1987, listed in Dubai, and behind Motor City, Green Community, Uptown Mirdif and Index Tower. Two phases on sale inside its own district — Takaya at 23.6% built and Mirdad at 8.9% — with better progress reporting than almost anyone, and three different starting prices for the same community.
Founded1987, Dubai
ListedDubai Financial Market
Master communitiesMotor City · Green Community · Uptown Mirdif
DeliveredAl Loze Villas (1992) to OIA Residence (2017)
On saleTakaya (Q4 2027) · Mirdad (Q4 2028)
2024 revenueAED 528.7m · assets AED 4.42bn
PeopleAbout 10,000 across seven companies
About Union Properties
Union Properties is one of Dubai’s oldest master developers, founded in 1987 and listed on the Dubai Financial Market. It is chaired by Shaikh Nasser Bin Rashid Al Moalla and run by chief executive Eng. Amer Khansaheb, and it works across development, construction, interiors and facilities management through seven subsidiaries — among them ServeU, The Fitout, GMAMCO, Edacom, Tetra Edge Contracting and the Dubai Autodrome itself.
Almost four decades of building. The company’s own milestones run from Al Loze Villas in 1992 and the first Spinneys in Umm Suqeim, through Al Mussalla Towers and UP Tower on Sheikh Zayed Road (54 floors), Green Community at Dubai Investments Park, the Dubai Autodrome and the Motor City masterplan in 2005, The Ritz-Carlton, the 80-storey Index Tower in DIFC, The Ribbon Mall, and OIA Residence in Motor City in 2017. That list is the strongest thing this developer has: buildings you can walk through, in districts you can drive around.
A master developer with two live phases. The current launches are both inside Motor City: Takaya, a community of six towers and six townhouse clusters on 1,127,274 sq ft with handover planned for Q4 2027, and Mirdad, four residential buildings of 1,087 homes — 60 studios, 524 one-beds, 380 two-beds, 105 three-beds and 18 lofts — with handover planned for Q4 2028 and a 50/50 payment plan. The listing portal carries only Takaya, so a buyer searching the portal sees half of what this developer is selling.
The best progress reporting in this series. Union Properties publishes a construction position for each launch, and it is specific: Takaya at 23.6% overall with main works at 15.1%, enabling and foundations complete, basement slab finished, first- and second-floor slabs progressing and core walls at level 3; Mirdad at 8.9%, with enabling works at 89% and all 1,146 piles completed. That is a level of detail most developers never publish, and it lets a buyer see the risk instead of being told the project is “on track”.
The prices are the weak point. The Takaya page carries a starting price of AED 850,000 in its statistics block and “Starts from 2,796,000” in the hero above it, while the portal carries AED 650,000 on a record opened in December 2024. The developer’s live inventory prices four available units between AED 1.92 million and 3.68 million, or roughly AED 1,965 to 2,038 per square foot, which is about 13% above the portal’s studio rate. Three figures, one community — and only a dated price list resolves it.
Terms are headlines, not schedules. Takaya is sold on a three-year post-handover payment plan; Mirdad on 50/50. Neither comes with a published instalment table, and there is no service charge estimate for either community, no unit count published for Takaya, and no delay clause visible in public. The developer’s buyers’ centre documents the process — reservation, sale and purchase agreement, Oqood registration, handover — but process is not terms.
A corporate story worth reading, carefully. Union Properties describes itself as three years into a turnaround, and its own announcements support the shape of it: comprehensive income of AED 395 million for 2024, revenue of AED 528.7 million, total assets of AED 4.42 billion, AED 1.3 billion of plot sales reported in November 2025, and a legacy debt facility refinanced with a local bank. Those are the company’s own numbers; the audited statements and the share price sit on its investor pages. What a buyer should take from it is simpler: this is a listed developer with a balance sheet behind the promise, and a district it has been building for twenty years.
Where the copy stops being careful. Takaya’s page prints two different starting prices, and quotes a resident of “Harmony Tower at Takaya” on how the move-in went — for a tower in a community that is a quarter built and not due before Q4 2027. The same testimonial appears word for word on the Mirdad page, which is at 8.9%. Motor City is described as 38 million sq ft in one place and roughly 35.3 million sq ft in another, and at least one block still renders as “No data was found”. None of it looks like bad faith; all of it means the marketing cannot be used as a specification.
What that means for a buyer. Union Properties is the rare case in this market where the developer, the master developer and the facilities manager are the same group — which is good for accountability and worth knowing when you negotiate the service charge. The buildings are real, the district is real, and the progress reporting is better than most. What you have to pin down is the commercial detail: the current price, the phase your unit sits in, the dated payment schedule, the service charge and the delay terms. Ask for all five in writing, and price the unit against what already exists in Motor City.
Union Properties projects on this site
One project, carried by the listing portal. The developer’s second live phase, Mirdad, is not on the portal — the note below covers it.
Mirdad, the second launch, is four buildings of 1,087 homes inside Motor City with a Q4 2028 handover, a 50/50 payment plan and a starting price of AED 999,000, at 8.9% built. It is not carried by the portal, so there is no project page for it here. For the district, see the Motor City guide.
What distinguishes Union Properties
A master developer, not a guest
Motor City is Union Properties’ own district: 38 million sq ft, four zones, around 11,630 homes, the Autodrome, First Avenue Mall and the schools and hospital already in place. Takaya is being built inside infrastructure its developer spent twenty years putting there.
Progress reporting you can check
Takaya at 23.6% overall and 15.1% main works, with the basement slab complete and core walls at level 3; Mirdad at 8.9% with 1,146 piles finished. Percentages plus a written summary is a disclosure standard most developers in this market do not meet.
Three starting prices for one community
AED 650,000 on the portal, 850,000 in the developer’s statistics and 2,796,000 in the developer’s hero. The live unit list sits at roughly AED 1,965-2,038 per square foot. Only a dated price list settles what you actually pay.
Two phases on sale at once
Takaya (Q4 2027) and Mirdad (Q4 2028) are both live in the same district, and the portal carries only Takaya. Compare both before you choose – they have different unit mixes, prices and handover dates.
Headline terms, hidden schedules
A three-year post-handover plan on Takaya and 50/50 on Mirdad, neither with a published instalment table. No service charge estimate for either community, and no unit count published for Takaya.
Marketing that invents its residents
A testimonial from a ‘Resident, Harmony Tower at Takaya’ on a community that is a quarter built, repeated word for word on the Mirdad page; two Motor City areas quoted; and placeholder blocks left on the page.
Buying a Union Properties home: what to check
This developer publishes its construction position in unusual detail. It does not publish prices it can stand behind, instalment schedules or service charges. These are the items worth having in writing before you reserve.
The current dated price list for Takaya – three different starting prices are in circulation.
Which towers and townhouse clusters sit in the first handover phase, and the sequence for the rest.
The contractual completion date, the delay clause and any compensation for late delivery.
The full payment schedule behind the three-year post-handover headline, including interest and fees.
Whether the post-handover plan is developer-financed or bank-financed, and what happens if handover slips.
The service charge estimate per square foot for Takaya and Mirdad, and who manages the community.
The unit count for Takaya, which the developer does not publish.
The soundproofing specification on elevations facing the Autodrome, and on the townhouses.
Internal area versus balcony and total area, particularly on the townhouse clusters.
What an Autodrome event weekend sounds like from the unit you are buying – visit on one.
Escrow account and DLD registration for whichever phase you choose, before any reservation fee.
A completed Union Properties building – OIA Residence, Index Tower, Uptown Mirdif – to judge how the group finishes.
Registered rents and resale prices in Uptown Motor City and Green Community, to test the new-build premium.
Union Properties frequently asked questions
Who is Union Properties?
A Dubai master developer founded in 1987 and listed on the Dubai Financial Market, chaired by Shaikh Nasser Bin Rashid Al Moalla and led by chief executive Eng. Amer Khansaheb. It has seven subsidiaries across construction, interiors and facilities management, and is the master developer of Motor City, Green Community and Uptown Mirdif.
What has Union Properties built?
Al Loze Villas (1992), Spinneys Umm Suqeim, Al Mussalla Towers, UP Tower on Sheikh Zayed Road, Green Community at Dubai Investments Park, the Dubai Autodrome, the Motor City masterplan, The Ritz-Carlton, the 80-storey Index Tower in DIFC, The Ribbon Mall and OIA Residence in Motor City (2017).
What is on sale now?
Two phases inside Motor City: Takaya, a community of six towers and six townhouse clusters with a Q4 2027 handover, and Mirdad, four buildings of 1,087 homes with a Q4 2028 handover. The listing portal carries Takaya only, so this page and the Takaya page cover half of what the developer is selling.
How much does Takaya cost?
The portal lists a 371 sq ft studio at AED 650,000 (AED 1,752 per square foot) on a record from December 2024. The developer’s page gives a starting price of AED 850,000 in its statistics and 2,796,000 in its hero, and its live inventory prices units between AED 1.92 million and 3.68 million – about AED 1,965 to 2,038 per square foot.
Why do the prices disagree?
Because the portal record is old and the developer’s page has not been reconciled – a hero price from an earlier phase still sits above an updated statistics block. Treat all three as historical until the sales team sends a dated price list, and budget on the live inventory rather than the headline.
How far along are the buildings?
Takaya is 23.6% overall with main works at 15.1%, foundations complete, the basement slab finished and core walls at level 3. Mirdad is 8.9% overall with enabling works at 89% and all 1,146 piles completed. Both are published by the developer with a written summary rather than a status badge.
What payment plans are offered?
Takaya advertises a three-year post-handover plan and Mirdad a 50/50 plan. Neither has a published instalment schedule, and no interest or fee terms are stated. Ask for the dated schedule and the post-handover conditions in writing.
What will the service charge be?
Not published for either community. Takaya lists three pools, three gyms, a 600-metre track, squash and paddle courts, a cinema lounge and a two-level podium; Mirdad has four buildings with shared amenities. Get the estimate per square foot per year before you reserve.
Is Motor City a good place to buy?
It is one of Dubai’s few genuinely themed districts, with the Autodrome, First Avenue Mall, schools and a hospital already in place and fast access to Sheikh Mohammed Bin Zayed Road and Hessa Street. It has no Metro, and the circuit is a consideration on event weekends – which is presumably why Takaya specifies soundproofed walls.
How do I buy through you?
Send us the project, unit type and budget. We will obtain the current price list, the payment schedule, the service charge estimate and the contractual completion date in writing, confirm the phase your unit sits in, check escrow and permits, benchmark the unit against Motor City resales and registered rents – then give you our honest read, including the case against.
Considering a Union Properties home?
Tell us which phase and budget. We will get the current dated price list, the instalment schedule, the service charge estimate and the contractual completion date in writing, confirm which towers or clusters sit in the first handover, check the escrow and the permits, and benchmark the unit against Motor City resales and registered rents — then give you our honest read, including the case against.
Sources and verification. The company history, leadership, delivered portfolio, subsidiaries, master-community descriptions, Takaya and Mirdad specifications, amenity lists, construction summaries, live unit prices and travel times come from Union Properties’ own website; Takaya’s studio price, size and Q4 2027 handover come from the listing portal, on a record opened in December 2024. Committed to publication: three different Takaya starting prices are in circulation — AED 650,000 on the portal, 850,000 in the developer’s statistics block and 2,796,000 in the developer’s hero — against live unit pricing of roughly AED 1,965–2,038 per square foot; no instalment schedule, service charge estimate, unit count for Takaya or delay clause is published; Takaya quotes a resident of Harmony Tower on moving in although the community is 23.6% built and due in Q4 2027, and the same testimonial appears word for word on the Mirdad page; Motor City is described as both 38 million and about 35.3 million sq ft; and at least one content block on the site still renders “No data was found”. The financial figures are the company’s own announcements, not audited statements reproduced here. Nothing on this page is a valuation or a promise of return.